Indian regulators do not do aviation companies many favours but then they are more than matched by the EU

SpiceJet shares rose 12% at close of Mumbai trading while those of Kingfisher jumped 20% on the news that foreign direct investment (FDI) limits were being raised to 49%. The rise of SpiceJet is to be expected but there are some obvious signs of optimism when it comes to Kingfisher. There are few assets of strategic value at the airline that have not already been pledged and thus any investment has to be on the health of the business alone. However it will be worth watching Kingfisher closely to see if the airline is able to move toward re-capitalization allowing